Which of the Following Is Not a Reason for the Credit

Which of the following is not a reason for the credit risk on a swap to be less than the credit risk on a loan?

A) Swap contracts often extend beyond the maturity of normal loan contracts.
B) Swap payments can be netted across more than on contract.
C) Interest rate swaps involve interest, but not principal.
D) Swap contracts often extend beyond the maturity of normal loan contracts, swap payments can be netted across more than on contract and interest rate swaps involve interest, but not principal.